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                                                                    EXHIBIT 23.5
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
     We hereby consent to the incorporation by reference in the Prospectus
constituting part of this Registration Statement on Form S-3 of Time Warner
Companies, Inc. of our report dated February 5, 1996, which appears on page 53
of Turner Broadcasting System, Inc.'s 1995 Annual Report to Shareholders, which
is incorporated by reference in Turner Broadcasting System, Inc.'s Annual Report
on Form 10-K for the year ended December 31, 1995, which is incorporated by
reference from Time Warner Inc.'s Current Report on Form 8-K dated March 21,
1997. We also consent to the incorporation by reference of our report on the
Financial Statement Schedule, which appears on page 43 of such Annual Report on
Form 10-K. We also consent to the reference to us under the heading "Experts" in
such Prospectus.
 
                                          PRICE WATERHOUSE LLP
 
Atlanta, Georgia
November 3, 1997